This Multifamily Property is no longer advertised on LoopNet.com.

421 SW Ambaum Blvd
Burien, WA 98166
 Lorheim Apartments · Multifamily Property For Sale · 6 Units

Apartment Buildings Washington Burien 421 SW Ambaum Blvd, Burien, WA 98166

INVESTMENT HIGHLIGHTS

  • Value Add Opportunity: Will be available to capture significant rental upside through renovations
  • Attractive Going in Cap: Attractive going in cap rate with ability to stabilize at 5.75% after renovations
  • Short Drive To Downtown Seattle: 20-minute drive to Downtown Seattle
  • Rare Opportunity: Going in basis below $220k per unit in Burien, with a 92-walk score
  • Near Burien’s Restaurant Row: Block from downtown Burien restaurants, shopping, grocers, and night life
  • Spacious Units: Units averaging 700 square feet

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 4,444 SF
No. Stories 2
Year Built 1960
Parking Ratio 1.58/1,000 SF
Zoning RM24

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 - 700

PROPERTY TAXES

Parcel Number 121900-0540 Improvements Assessment $906,200
Land Assessment $151,800 Total Assessment $1,058,000
Print
 

  • Listing ID: 26671080

  • Date on Market: 9/20/2022

  • Last Updated:

  • Address: 421 SW Ambaum Blvd, Burien, WA 98166

More public record information on 421 SW Ambaum Blvd, Burien, WA 98166

The Downtown Burien Multifamily Property at 421 SW Ambaum Blvd, Burien, WA 98166 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.